UBER trade ideas
Uber - Cup and HandlesMultiple cup and handles testing the line of resistance at aprox 38.
Long at breakthrough or consolidation under resistance.
economic slowdown or recession? buy UBERUber is the market leader in the fast-growing “ride sharing” economy. A sector that we believe will continue to grow strongly, even when the economy slows down. In the event of an economic slowdown or recession, people will only look more for cheaper alternatives, such as Uber. A restart of the aviation sector will give a significant boost to Uber's business model. Uber Eats was the child of concern that needed to be addressed quickly towards profitability. The disposal of less competitive parts and the merger with Postmates is a good thing in this regard. Via Uber and Uber Eats, synergies can also arise that will lift both platforms to a higher level in the direction of "home delivery". For example, drivers can distribute passengers, goods and food or drivers who are not suitable for transporting passengers can deliver food or packages.
In the coming quarters, Uber will have to prove that it is taking the right steps, operationally and financially. If Uber succeeds in this, the current valuation is a piece of cake. Numerous prominent investors already believe that the company is on the right track.
UBER updatePrice started to converge in an ascending triangle pattern. The pressure seems to be building to break to the upside. Need a solid break through resistance to target higher levels. While markets are a bit wobbly due top earnings season, a break higher is a good signal to buy more.
Please support the idea and share your thoughts on UBER!
Good LUck and Stay Healthy!
Uber 15m Idea Long Options Short termUber is trending great on 1D chart and is looking good on 15m if it copy’s the pattern I marked. Big dip today OCT 21 #btfd
Uber: Bullish Pocket PivotBullish signal based on today’s closing price and volume.
Closing price was trending lower until today
Price closed higher than yesterday
Volume higher than previous 10 days
Price broke above 10 dma (cyan)
Price broke above 20 dma (blue)
Price bounced at about 50 dma (dark blue)
UBER/ Bullish -Short termI think there will be a good retracement towards the $37.50 on Uber.
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This is not a signal . please trade on your own risk.
Uber is a buy at $33The area of 33 dollars which was once its resistance has since become a level of support.
Uber trading sideways in a channel with the 33$ mark being the bottom of the channel.
Good area to buy at 33 and sell at 37.5 unless it breaks out above 38. It has tested 38 twice to no avail.
Market conditions going into this Monday appear positive.
UBER critical lvl, expecting bounce off 50MAsupport at previous resistance, 50MA
very small wick shows good support & buying confidence.
Bull case:
expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38
Bear case:
SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
long term trendlinesthis one can go either way here! under the trendlines its a short over its a buy, goodluck
two scenarios here... Elliot Wave analysisfirst time doing this... one of two scenarios could go down. let's see what happens
Uber: View chart linked in descriptionView chart linked below. I don’t know how to force all days of the week on time scale so I charted Uber on a cryptocurrency chart.
Target price ranges between $63 and $90, but $66 is highly probable based on Wedge, EW, and Fib.
Uber: Trick or TreatDon’t fall for Uber’s trick, instead play nice and wait for it’s Treat. Yesterday, Uber didn’t gain like most of the market did. Instead, Uber faked a close under 20 DMA but bounced upwards right at close. That bounce coincides with a long term trend line that had been acting as resistance but now appears to act as support.
The pink vertical lines indicate bounces off the trend line by a high, low, open, or close price. If the trend line is valid support, then price could rally, slowly or quickly, to an ideal technical target price of $66. However, a more practical target price is closer to $54.
Like, follow, and let’s see what happens.
